- Westpac Banking Corporation announced that it bringing together the leadership of its Consumer and Business divisions
- The new division will be led by the current Chief Executive, Consumer, Chris de Bruin
- Group’s lines of business model enabled the company to consolidate divisional management and simplify the business
- New lines of business operating model given a solid foundation for this change, with greater clarity on accountability
- The combined division drive simplification of banking and help to reduce cost, including by consolidating support functions
- The change enable more efficient utilisation of common assets such as branches and call centres
